Well well lads, here we are. Bitcoin is well off its all-time highs and officially in a bearish trend. While I started this post with the intention of just sharing some entertaining memes, here is an interesting chart. It shows the RSI (Relative Strength Index) of BTC, which is at an interesting bottom level:
As you can see, BTC has entered the "extremely oversold" zone, with an RSI of < 30. The last time we saw this level was at the end of 2022. Does this mean the downtrend is over? Absolutely not! You won't catch me making price prognostications. All I know is that ever since the "ETF hype" took off in 2024, the volatility has been taken to a whole new level. What we're seeing essentially is the effect of "paper BTC" or "bitcoin derivatives."
This is nothing new for Bitcoin. There are those among us who see this as "the end" and are saying that "the original Bitcoin thesis, as outlined in the white paper, is dead." I'm not so sure about that; I think that BTC is just evolving. Are the rules changing? Yes, as regulators and legacy financial institutions make their moves, folks must adapt. But what remains are the fundamentals. That's right; everything outlined in the Bitcoin white paper still remains true. And, as it seems things have drastically changed, nothing has really changed.
As such, I will now roll out some of the finest bitcoin memes -- curated from the corners of the interwebs. Let's roll those .jpegs!
Hodl steady! At times like these, when fear is peak and FUD (fear, uncertainty, doubt) floods the chats, I seen them as excellent opportunities to accumulate. For me, nothing has changed.
The original Bitcoin faucet is long gone, but there are still ways to collect some free crypto if you invest some of your free time:
-
Sign up here on Publish0x, if you haven't already, to earn free crypto for reading & writing content
-
Join Cointiply and roll the faucet every hour, view PTC ads, take surveys to earn free Bitcoin, Litecoin, Dogecoin, or Dash
-
Downoad the Bitcoin Cash Giveaway to collect some free BCH sats, paid out weekly
-
Check out Yescoiner to easily collect some satoshis; no nonsense -- just solve a captcha. Low payout, slow drip here
-
For rewards in XNO, DOGE and BTC, check out TipNano app
-
Visit Stacker.news and earn some sats by posting interesting content and commenting what others share
-
The most off-the-wall faucet is Crypto Junkie, offering payouts in various cryptos to Final Autoclaim & Faucetpay
-
If you're DCA'ing your Bitcoin stack, try River for zero-fee recurring BTC buys & earn 3.5% Bitcoin interest on deposited USD
-
Slice is a Google Chrome browser extension that allows you to earn BTC for browsing, paid via Lightning Network
